End Suction Pump Market Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2033
According to Future Market Insights (FMI), sales in the global end suction pumps market will be valued at over US$3.8 Billion in 2021, with a stable long-term projection. The report also estimates the market to expand at over 4.6% CAGR from 2023 to 2033.
Global end suction pump market to register year-on-year
(YoY) growth of 3.5% in 2021 to total 4.3 million
units. As per the end suction pumps’ industry analysis, demand for close
coupled pump will grow by 3.6% to total 3.6 million units by
the end of 2021.
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Steered by surging application in commercial and industrial
sectors alike, the sales of end suction pumps will represent 3% of
global pumps market in 2021.
According to Future Market Insights (FMI), ongoing
development and adoption of new technologies in the industrial sector is a key
factor behind the surging demand for the end suction pumps in industries such
as chemicals, petrochemicals, processed food & beverage, and others.
Rising expenditure towards infrastructural expansion,
covering construction expenses hospitality and institutional sectors, has
boosted the demand for end suction pumps for commercial applications. The
future growth of end suction pumps’ market is expected to ride on the back of
centrifugal pumps’ market growth.
Because of the global pandemic, demand for end suction pumps
declined marginally in 2020. The effect of COVID-19 on demand from heavy
end-use industries like power generation and mining was lower, which drove end
suction pump sales in various regions.
The demand for end suction pumps has been increasing in the
manufacturing sector. This can be attributed to the advancements registered in
the manufacturing sector, especially in various developing regions.
Increasing energy costs and growing environmental awareness
among end users are expected to drive demand for energy-efficient and
cost-effective end suction pumps over the forecast period. Industries often
rely on end suction pumps to improve pump efficiency and reduce energy
consumption.
Key Takeaways from End Suction Pumps Market Study
- Close
coupled pump segment is projected to hold over 80% volume share in the
global market in 2021.
- The
demand from the industrial sector will account for 75% of the overall
sales in the market.
- East
Asia will remain a primary market, backed by expansion of industries and
growing urbanization in the region. It is expected to account for over 25%
of the demand registered globally in 2021.
- Up-to
100 GPM and suction pumps’ sales will surge at a CAGR of approximately
4.6% over the coming decade.
- Sales
of end suction pumps in the U.S. will total US$992.4 Million by
2031.
“Higher focus
on expansion of manufacturing will boost end suction pumps sales in the coming
years. Focus on turnkey projects by OEMs is expected to create an attractive
opportunity for the growth of the market,” says a Future Market
Insights analyst.
End Suction Pumps Market by Category
By Type:
- Close
Coupled Pump
- Separately
Coupled Pump
By Flow Rate:
- Upto
100 GPM
- 100 to
300 GPM
- 300 to
500 GPM
- 500 to
1,300 GPM
- 1,500
to 5,000 GPM
- Above
5,000 GPM
By Application:
- Commercial
- Hotels
- Swimming
Pool
- Retail
Space
- Office
& Institution
- Industrial
- Food
& Beverages
- Chemicals
- Mining
& Metals
- Power
Generation
- General
Manufacturing
By Region:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia & Pacific
- Middle
East and Africa (MEA)
Competition Landscape
The end suction pumps’ market is highly fragmented, with
over 100 players across the world. The top companies account for around 15-20%
of the market share. In order to achieve high sales, leading market players are
creating contracts with end users and customizing solution to cater to industry
specific requirements.
Some of the key players in this industry include but are not
limited to Grundfos, Sulzer Ltd, Xylem Inc., KSB AG, Flowserve Corporation,
Ebara Corporation, Kubota Corporation, Ruhrpumpen Group, Pentair plc, Kirloskar
Brothers Ltd, Torishima Pump Mfg. Co., Ltd., and WILO SE.
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